GOLD

Gold mining is a business, and like any business, hard costs are associated with extracting gold from the earth. In 2008, mining gold costs around $238 per ounce. Because the cost is so high per ounce, the belief is that all of the gold ever mined barely totals 145,000 tons, an amount that could form a single cube measuring 66 feet per side.

Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets.

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Types of Gold

1) Yellow gold
2) White gold
3) Rose gold (or pink gold)
4) Green gold (or Electrum)







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